The EU has a services deficit compared to the US, the US has a goods deficit compared to Europe. Together, they are almost in balance, the difference is just 3%

The EU has a services deficit compared to the US, the US has a goods deficit compared to Europe. Together, they are almost in balance, the difference is just 3% of total trade [1]. Put differently, the US and the EU need each other. This is why Trump is using footguns. [1] https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/united-states_en https://policy.trade.ec.europa.eu/eu-trade-relationships-cou...